Zhixun Finance APP learned that Nomura issued a research report stating that the target price of Meituan-W (03690) has been raised from HK$151 to HK$224, reiterating a "buy" rating, believing that the company's profit outlook is strong, benefiting from improvements in the competitive environment for takeaway and in-store services, as well as sufficient delivery staff helping to alleviate rising delivery costs pressure.

The bank expects Meituan's third-quarter revenue to increase by 20% year-on-year, meeting market expectations; non-GAAP net profit is expected to increase by 111% year-on-year, 3% higher than market expectations, mainly due to the improved profitability of core operations. The core local business operating profit is expected to increase by 37% year-on-year, supported by a 19% increase in revenue, with food delivery and unit economics expected to increase by 15% and 24% respectively to 45.6 billion RMB and 1.42 RMB per order.